AAL just fluctuates and goes nowhere, though he has long traded it, really likes it and is happy to own shares again; he is therefore selling November 20 puts on that range-bound behavior.
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For example, AAL, which is American Airlines, is a stock that I have been trading for a long time.
I have one more trade left to make , and that is a small account trade on American Airlines. And then I'll show you a small bonus trade on Zero DTE, which will probably get me over the $10,000 mark , hopefully.
Okay, so this is American Airlines. I really like American Airlines. I have been trading in this for a long time. What I'm going to do is, I'm going to sell a put option on American Airlines.
This company just fluctuates. It literally goes nowhere. It just fluctuates. So, what I'm going to do is, I'm going to choose an expiration date that will be November 20th, which is very convenient for small accounts.
I will sell 11 and a half put options here. It will have a higher delta. You see the delta is 0.36, which is totally fine , because I'm
I really like American Airlines. totally fine , because I'm happy to own American Airlines shares again.
So, I will sell 10 contracts here and sell at 0.45. Okay, I'll review it and we'll submit, which will be filled out. Excellent. I'm adding $450 to my grand total.
What this channel has said about $AAL
Invest with Henry has 2 calls on this stock; only the adjacent ones are shown.